Energy has gone from zero to hero this year. The sector drove a market rally Thursday, and pushed the S&P 500 to records, in what has been the great comeback story of 2018 so far. Nearly two weeks into the new year and energy has emerged as the best-performing sector. This as oil has surged […]
Read moreCheck out which companies are making headlines before the bell: Blackrock – The asset management firm reported adjusted quarterly profit of $6.24 per share, beating estimates of $6.02 a share. Revenue beat forecasts and the company also raised its quarterly dividend 15 percent to $2.88 per share. JP Morgan Chase – The bank beat estimates […]
Read moreFacebook shares fell over 4 percent in pre-market trade Friday after it announced major changes to its News Feed. Shares fell as much as 4.1 percent ahead of the market open, after closing just below the flatline on Thursday. Mark Zuckerberg, the CEO of the social media giant, said that the News Feed — one […]
Read moreFacebook announced big changes to its News Feed on Thursday, but that’s not worrying one analyst who upped his outlook on the stock, expecting nearly 20 percent upside from the current price. CEO Mark Zuckerberg said the News Feed — one of the key areas where the social network shows ads — will begin to […]
Read moreBlackRock remains convinced the stock market has further to run, the chairman and CEO of the world’s largest money manager told CNBC on Friday. We’re “quite bullish,” Larry Fink said in a “Squawk Box” interview “We believe the U.S. economy and the global synchronized, global economies are strong enough to continue the upward bias on […]
Read moreIBM is set to report earnings next week, and one market watcher sees the stock as a value play at current levels. The company is scheduled to announce quarterly results Thursday after the market closes, and Mark Tepper of Strategic Wealth Partners likes the stock, off to a strong start to the year, ahead of […]
Read moreCurrency, United States Finance
The single currency is expected to strengthen over the foreseeable future as the European Central Bank (ECB) slows down its monetary stimulus, analysts told CNBC. “We see more gains for the EUR ahead as the ECB paves the way for ending outright quantitative easing (QE) purchases later this year,” Stephen Gallo, head of forex strategy […]
Read moreThe latest corporate earnings season is just getting underway and the analysts who track the results think it will be a very good one. S&P 500 profits are expected to have risen 11.2 percent in the fourth quarter of last year, according to UBS strategist Keith Parker. This would be the second-strongest earnings growth period […]
Read moreNorth Korea’s rapidly advancing nuclear capability is not the fault of President Donald Trump, but rather of successive U.S. administrations who’ve failed to reign in the rogue state, according to a former White House foreign policy director. “Clinton, Bush, Obama, and Trump: this is a 20-year failure of American foreign policy,” James Rubin, former assistant […]
Read moreWould you get in a self-driving car that has no steering wheel and no pedals? General Motors thinks so, and wants to test its newest autonomous-driving vehicle on public roads and highways starting in 2019. “When you see this image for the first time it’s quite striking,” said Dan Ammann, president of GM. “That’s why […]
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